I will buy CESC because :
The price has broken the resistance after 3 years
It showed a good move upwards before breaking Resistance.
The price is now at support the resistance may act as SUPPORT.
Entry : 93
Target : 127
Stop loss : 86
Buy @ 80 Target 100.
CESC is fundamentally a very good stock. It is in uptrend. You can BUY according to the Flag and Pole pattern @ 80 and Target is @100
On the weekly chart, Shareable to hold 770 level on a closing basis and last time when it breaks in 2019, it crosses 840 marks. The volume is also good.
For short term target is 850 from the current level
For Long term target is 900 in 3 to 10 months.
It breakout the channel and formed cup and handle pattern . All indicators are bullish Monthly MACD crossover may happen upcoming months. Share split also may approved on upcoming AGM. These parameters may help to reach the target levels.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
Weekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern...
Daily Chart
#PHILIPCARB
NSE: PHILIPCARB
CMP 242.50
Target : 296
SL 222
RR Ratio > 2.5
Time Frame < 60 D
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish...
